“…We study five broad range of outcomes: (i) CHCs' revenue including total revenue from all sources (patient revenue and grants), total patient revenue, Medicaid revenue, Medicare revenue, private revenue, other public revenue (mostly from state‐funded public insurance program), and self‐pay revenue; (ii) uncompensated care loss defined as sum of bad debt and sliding discount for self‐pay patients; (iii) grants including total grants, federal grants (BPHC grants and other federal grants), state and local government grants, and private grants; (iv) expenditures including total expenditures and by type of services (medical, dental health, mental health, and substance abuse treatments), overhead costs, and capital expenditures; and (v) assets and liabilities including cash reserves, capital stock, and total liabilities (as these measures are frequently used to assess the financial stability of a nonprofit organization) 15 …”